Paul L. Caron
Dean





Monday, September 18, 2017

McIntyre & Simkovic: Are Law Degrees As Valuable To Minorities?

Frank McIntyre (Rutgers) & Michael Simkovic (USC), Are Law Degrees as Valuable to Minorities?, 52 Int'l Rev. L. & Econ. ___ (2017):

We estimate the increase in earnings from a law degree relative to a bachelor’s degree for graduates of different race/ethnic groups. Law earnings premiums are higher for whites than for minorities (excluding individuals raised outside the U.S.). The median annual law earnings premium is approximately $41,000 for whites, $34,000 for Asians, $33,000 for blacks, and $28,000 for Hispanics.

MS4

Law earnings premiums for whites, blacks and Hispanics have trended upward and appear to be gradually converging. Approximately 90 percent of law graduates are white compared to approximately 82 percent of bachelor’s degree holders.

https://taxprof.typepad.com/taxprof_blog/2017/09/mcintyre-simkovic-are-law-degrees-as-valuable-to-minorities.html

Legal Education, Scholarship | Permalink

Comments

I wonder if they controlled for geographic location, since without it they just could be capturing different income medians from groups being located in different cities/states.

Posted by: Anon | Sep 18, 2017 3:46:07 PM

Ah, yes. The old generic "law degree." Any one will do. Whether it is from Harvard or Thomas Cooley, they are all the same.

Posted by: JM | Sep 18, 2017 6:45:38 AM

Why was this limited to persons of color? The authors notably omitted persons with disabilities from their evaluation. It would have been helpful to have data on this underserved minority as well.

Posted by: UNT Grad | Sep 18, 2017 5:03:17 AM